nationwide mortgage licensing system - afnloans.com · 7 •gather all required documentation...
TRANSCRIPT
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Are you Ready?
If you are required by your state regulator or your mortgage company to complete and submit your own Form MU4, the instructions below will help you file, provide access to your company, and follow-up on your license status.
Have on hand the following:
• Residential history, including to and from dates (mm/yy) and addresses for the past 10 years
• Employment history, including to and from dates (mm/yy) and addresses for the past 10 years
• All names used since age the age of 18, including alias, aka, maiden name, etc.
• Documentation evidencing that all state specific requirements have been completed, such as testing or education requirements.These can be found here: http://mortgage.nationwidelicensingsystem.org/Pages/default.aspx
• You will be required to pay the applicable fees (licensing, criminal background check and NMLS processing fees); available payment methods are Visa or MasterCard
• Verify with your Company the States you should be filing with
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Identify the appropriate license. Consult license description and details.
Existing Licensees print “Transition to NMLS” checklist
New Licensees print “New Application” checklist.
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• Gather all required documentation listed
on the Requirements Checklist.
• Include your NMLS Unique ID# on the top
of the checklist once you have created
your NMLS account. (your ID# can be obtained by going to
Composite View and View Individual. The ID# will be in parenthesis next to
your name)
• Mail the checklist and all required docs
within 5 days of submitting your filing in
NMLS.
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Confirm all data entered is correct, then choose Finish.
NOTE: Once you choose finish, only the NMLS Call Center
can correct the Date of Birth and Social Security Number
fields. This process can take several days.
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NMLS_Notifications will send two emails. One will contain your
user name. The other will contain your temporary password.
Copy and paste your temporary password
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When you receive your emails, return to the NMLS login. Type in
your user name. Copy and paste in the temporary password.
Check the box to agree to legal terms. Click Log In.
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After logging in you will be required to change your password.
Paste in your temporary password again, then create your new
password.
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To enroll in the National or State Component of the SAFE MLO
Test, select the Professional Requirements Tab.
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Select the Testing submenu and proceed to the Test
Enrollments section from the left navigation panel.
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Select the state that you wish to take a test in and click Next.
If you want to take the National Test, select ANY state and
the National Test will be an option.
You have successfully enrolled in a test!
You should receive an email confirmation
instructing you to schedule your test.
You must proceed to the testing section of the
NMLS Resource Center to schedule your
test.
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If there are pending filings in an Unsubmitted status, click the
Edit icon to add a license, make changes or finish a filing.
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When you are transitioning an existing LO license, enter your
current LO license number (not the company number). If you do
not have a current license, leave blank. Click Next.
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Total Charges appear in the upper right hand corner
of the screen. The globe icon will link you back to the
Jurisdiction Specific Requirement Checklists. To
continue, click Next.
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Ten years of residential history with NO GAPS is
required. Click Add to enter details for each location.
Once complete, click Next.
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Ten years of employment history with NO GAPS is required. Click Add to
enter details for each period. Once complete, click Next.
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If a student, enter school name and address.
If unemployed, enter “Unemployed” in “Position Held” field and list home
address.
Indicate at the bottom of the screen if the position held is financial services
related. Click Save.
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Answer all disclosure questions. Any “yes” answer will require
explanation and possible documentation with your Jurisdiction
Specific Requirements checklist.
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Indicate the areas you currently have a license in, have had a
license in previously, or where you have submitted a MU4
through NMLS. Click Save. Then click Next.
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Indicate if you are requesting a Federal Criminal Background Check.
Complete the demographic information and click Save. Select Next
to submit the application. Be sure to obtain your CBC certificate
once the filing has been submitted to obtain your PIN number.
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Select that you are requesting a new credit report and agree to the
TransUnion Service Agreement. Select Save.
Turn on the Completeness Check icon ( ) to generate the Identify
Verification link. Select the Identify Verification (IDV) link in the yellow bar.
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Select “Verify Me” to proceed to the verification questions.
Answer the questions appropriately and select Continue.
Proceed back to NMLS to complete the MU4 filing.
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The completeness check will list any incomplete areas of the MU4. Click
on the link to go to an incomplete area. When all outstanding items are
satisfied, click on the Completeness Check again to see a breakdown of
fees, attestation language, and submit.
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Once complete and all Jurisdiction Specific Requirements have been
dropped in the mail, review the legal attestation and click Submit
Filing. If you submitted a CBC request, wait for the filing to process
and obtain your CBC certificate.
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You can pay the licensing and processing fees by Visa or
Master Card. Once you pay, you will receive a payment
confirmation number. Print the confirmation number for
your records.
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Next Steps
The next few slides will show you how.
1. Provide your company access to your NMLS record so that they can sponsor your license (if their license is managed through NMLS).
2. Follow-up on your license status.
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To provide Company Access to your NMLS record:
1. Login to NMLS
2. Click the Filing tab
3. Click Company Access
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Obtain the NMLS ID from your company. Enter the company NMLS ID
number or the company exact name and click Search.
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The company selected now has access to your NMLS record.
Notify your company that access has been granted so they can sponsor
your license.
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To check your license, test, CBC, and education
status:1. Click the Composite View tab
2. Click View Individual
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Click View License/Registration List on the left navigation panel.
Filings you have submitted will appear with the current status.
Click on the link under License Items to see Requirements or Deficiencies noted
by the Regulator.
A Pending-Incomplete Status will appear for all new applicants and a Transition
Requested Status will appear for those transitioning until the regulator changes
the status during the review process.
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The regulator will indicate items needed to resolve Deficiencies.
A common Deficiency is Company Sponsorship. Once you have
submitted your MU4 filing, alert your company so they can create a
sponsorship request.
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Select “View Education Information” from the left hand
navigation panel to determine PE and CE compliance details.
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Select “View Testing Information” from the left hand
navigation panel to see open test enrollment windows and
test results.
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Select “View Criminal Background Check Requests” from
the left hand navigation panel to view pending fingerprint
requests and closed requests.
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Final Notes
1. Monitor your license status until Approval is confirmed.
2. Keep your record up to date. Amendments to your record require a new filing.
3. Additional Quick Guides can be found on the NMLS Resource Center.
4. For additional assistance, contact the NMLS Call Center at (240) 386-4444.